Thursday, November 7, 2013

African board members appointed by Dubai Diamond Exchange

The Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi
Commodities Centre (DMCC), has further expanded its board of directors
with the appointment of South African Diamond and Precious Metals
Regulator (SADPMR) CEO Levy Rapooand Zimbabwe Ministry of Mines and Mining Development permanent secretary ProfessorFrancis Pedzana Gudyanga.
As SADPMR CEO, Rapoo was entrusted with a mandate of regulating the
downstream of diamonds and precious metals on behalf of the country,
playing a key role in rendering an advisory service to South Africa’s
Mineral Resources Minister Susan Shabangu on matters pertaining to the
Kimberley Process (KP), diamonds, as well as gold and platinum.
Gudyanga, who was appointed permanent secretary of Science and
Technology Development in 2007 and was recently reassigned as permanent
secretary of Mines and Mining Development in September, had been
extensively involved in the broader issues of science and technology and
higher education in Zimbabwe and beyond.

DDE chairperson Peter Meeus said in a statement on
Thursday that the prominence of high-profile industry executives on the
board of the DDE reflected the organisation’s global status in the
diamond trade.
DMCC executive chairperson Ahmed bin Sulayem added that the DDE had gained global recognition and was ranked among the world's top three market places for rough diamonds.
“We are well positioned to cater for the trading needs of producing
countries in Africa [and] the consuming countries in Asia along, what we
call, the new silk route,” he commented.

Established in 2004, the DDE is a member of the World Federation of
Diamond Bourses (WFDB) and a keen supporter of the WFDB in all its
initiatives.